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Articles
Architect’s role goes beyond blueprints
Architect Sungano Ziswa, a native of Zimbabwe, is Domain Architecture’s primary adviser on an apartment project that is the largest solo effort Domain has undertaken in its 15-year history.
City’s ambitious tech-corridor plan no sure thing
Indianapolis leaders are hoping a new plan launched by Mayor Greg Ballard’s administration to transform the area northwest of downtown into a high-tech job and life-sciences research magnet will turn the long-discussed idea into a reality.
Lender purchases Renaissance Bay in sheriff’s sale
Fort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
City kicking in $5M toward reuse plan for Bush Stadium
City officials are sharing new details of a plan to redevelop Bush Stadium into more than 250 apartment units, while preserving the stadium's façade.
Carmel senior-living project to create 340 jobs
Carmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction jobs and 140 permanent positions over the next two years.
City to roll out plan for 16th Street tech corridor
The city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into a hub for biotechnology and other high-tech companies.
Police probe carjackings, shooting
Indianapolis police are looking for suspects involved a shooting and two carjackings overnight. At about 1:40 a.m. Thursday, a man was shot along Marabou Mills Way near 34th and Dandy Trail, and nearby a gold Mercury Grand Marquis was carjacked. The shooting victim’s condition is unknown. Police say three men, including one armed with a silver handgun, are responsible. Those suspects are also sought for another carjacking on the city's northeast side at 2:50 a.m. A woman said her car was taken in the Hill Crest Apartments near Shadeland Avenue and Fall Creek Road North. She was not injured.
Julian Center’s longtime leader stepping down
Ann DeLaney has served 15 years as executive director of the shelter for domestic violence victims. With a $3 million capital campaign recently finished, she said the time is right for her to "pass the torch."
East-side man robbed, killed
Indianapolis police are looking for two men who robbed and killed a 61-year-old man on near East 30th Street and Mitthoefer Road early Sunday morning. Police say Clayton Petrice, 61, had just returned to the Bavarian Village Apartments from work when he was shot and killed in a stairwell outside his front door just before 4 a.m. Witnesses saw two men get into a white SUV and leave the apartment complex.
Real estate deals picking up around Fashion Mall
Owners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace the vacant Woodfield Centre.
Kosenes take on ex-partner in court
Principals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a city-supported deal to redevelop the former Bank One Operations Center downtown.
Renaissance Bay heads for sheriff’s sale
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
Rape, robbery suspect arrested
Police have arrested Travis Reagle, 23, in connection with a robbery and rape investigation in Noblesville. He was taken into custody Tuesday morning at a nearby bank branch shortly after a woman reported she had been tied up, raped and robbed inside her apartment. Police said the incident happened at Greystone Apartments on 146th Street, near River Road. Reagle had debit and credit cards belonging to the victim when he was taken into custody, police say. He was charged with rape, robbery, criminal confinement, burglary and criminal deviate conduct.
Central State redevelopment plan gets new life
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
Sales/acquisitions
-Jody Simmons bought the 56,000-square-foot Indy Southside Sports Academy complex at 4150 Kildeer Drive. The price wasn’t disclosed. The seller, Ceeco Associates, was represented by Keith Dedrick of Corporate Commercial Group. The buyer was self represented.
-Heart’s Landing LLC bought a 360-unit apartment complex at 9350 E. 43rd St. The price wasn’t disclosed. The buyer and seller, Sutton Place Apartments LP, were represented by Colin M. Atkinson of the local office of Marcus & Millichap and Robert Sheppard, Armand Tiberio and Spencer Hurst of the firm’s Seattle office.
Retail, eateries planned for Keystone office area
A local developer’s $12 million project is transforming a four-story office building and five acres of surface parking lots adjacent to The Fashion Mall at Keystone into a new retail and restaurant destination.
Zionsville residents disagree on commercial development
After property tax caps crimped local dollars in Zionsville and a school funding referendum failed, many residents have decided it’s time to attract more commercial development. But they are tangled in a hot dispute over how to achieve that goal.
Lawrence mother under arrest
A Lawrence mom was arrested Wednesday, accused of neglect of a dependent and public intoxication. According to police, 24-year-old Vashney Bushrod fell asleep in her car with her two sons, ages 5 and 1, for about seven hours. Officers found empty vodka bottles in the vehicle. They also said Bushrod ran into a fence when she tried to park at the Pinnacle Square Apartments while under the influence of alcohol.
Another setback for The Uptown as judge appoints a receiver
A Marion County judge has appointed a receiver to take control of three properties involved in a long-delayed redevelopment proposal for College Avenue between 49th and 50th streets.